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Gold Seeker Closing Report: Gold and Silver End Slightly Higher on the Day
By: Chris Mullen, Gold Seeker Report

 -- Published: Thursday, 12 October 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1293.30

+$0.30

Silver

$17.22

+$0.01

XAU

87.12

-0.02%

HUI

202.21

-0.36%

GDM

659.99

-0.01%

JSE Gold

1301.56

-15.30

USD

93.09

+0.17

Euro

118.34

-0.28

Yen

89.11

+0.21

Oil

$50.60

-$0.70

10-Year

2.317%

-0.032

T-Bond

153.15625

+0.59375

Dow

22841.01

-0.14%

Nasdaq

6591.51

-0.18%

S&P

2550.93

-0.17%

 
http://www.goldseek.com/news/2017/2017-10-12_14-08-52.jpg

 

The Metals:

 

Gold gained $4.40 to $1297.40 in Asia before it fell back to $1289.90 in late morning New York trade, but it then bounced back higher into the close and ended with a gain of 0.02%. Silver rose to as high as $17.257 and ended with a gain of 0.06%.

 

Euro gold rose to about €1093, platinum gained $4 to $935, and copper climbed 3 cents to about $3.11.

 

Gold and silver equities fell about 1% in the first half hour of trade, but they then chopped back higher for most of the rest of trade and ended near unchanged.

 

The Economy:

 

U.S. producer prices increase; weekly jobless claims fall  Reuters

U.S. Jobless Claims Fall to Lowest Level Since Before Storms  Bloomberg

Mortgage rates surge to 10-week high but a dovish Fed may quash that move  MarketWatch

 

Tomorrow brings CPI, Retail Sales, Business Inventories, Consumer Sentiment and the Treasury Budget.

 

The Markets:

 

Oil pared early losses after the Energy Information Administration reported that crude inventories fell 2.75 million barrels, gasoline inventories rose 2.49 million barrels, and distillates fell 1.5 million barrels.

 

The U.S. dollar index rose on decent economic data.

 

Treasuries saw decent gains as the Dow, Nasdaq, and S&P dropped on poor earnings reports.

 

Among the big names making news in the market today were Tesla, JPMorgan, GM, Amazon, and The Weinstein Company.

 

GATA Posts:

 

 

Another Swiss bank won't let customer see his gold, von Greyerz tells KWN

Giustra's Hive switches from mining gold to bitcoin, surges six-fold

Only central bank intervention keeps gold down, USGlobal's Frank Holmes says

 

The Statistics:

As of close of business: 10/11/2017

Gold Warehouse Stocks:

8,509,661.306

-261,224.514

Silver Warehouse Stocks:

219,752,902.744

+9,146.083

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)

SPDR® Gold Shares

858.450

27,600,037

US$35,606m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,744m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$6,345m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$464m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

awaited

awaited

US$awaited

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.69: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,132.44: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) third quarter production, Northern Dynasty’s (NAK) senior hiring moves, Richmont’s (RIC) third quarter production, Alamos Gold’s (AGI) third quarter production, Great Panther’s (GPL) third quarter production, Silver Bull’s (SVBL) Hecla’s (HL) third quarter production, and Fortuna’s (FSM) CEO share purchases were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Northern Dynasty

NAK +6.90% $2.17

2.  Buenaventura

BVN +2.19% $14.01

3.  Kinross

KGC +1.37% $4.45

 

LOSERS

1.  Gold Standard

GSV -3.61% $1.60

2.  Paramount

PZG -2.21% $1.33

3.  Americas Silver

USAS -2.08% $4.67

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


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 -- Published: Thursday, 12 October 2017 | E-Mail  | Print  | Source: GoldSeek.com

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